Wofford College raised its tuition by 4% for the 2022-23 academic year, as revealed in the institution’s most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students paid $51,530 to attend the private four-year not-for-profit college this year, an increase of $1,980 from the $49,550 charged during the 2021-22 school year.
Approximately 53% of the undergraduate student body at Wofford College are residents of South Carolina. Students from other states make up about 44%, while international students account for 3%.
Data indicates that 99% of full-time undergraduates who enrolled at Wofford College in 2022-23 received some form of financial aid. A total of 500 students were awarded grants or scholarships amounting to $19.4 million, while 231 students obtained student loans exceeding $1.8 million.
Across the entire undergraduate population, 1,762 students received grants or scholarships totaling $67 million. Additionally, 750 students borrowed $4.6 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Wofford College in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 67 | 13% | $428,396 | $6,394 |
| State / local grant or scholarship | 267 | 53% | $2.2 million | $8,082 |
| Institutional grants or scholarships | 493 | 97% | $16.8 million | $34,084 |
| Grant or scholarship aid total | 500 | 99% | $19.4 million | $38,779 |
| Federal student loans | 226 | 45% | $1.2 million | $5,254 |
| Other student loans | 28 | 6% | $587,608 | $20,986 |
| Student loan aid | 231 | 46% | $1.8 million | $7,684 |
| Total student aid | 501 | 99% | $21.2 million | $42,244 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
